NAFTA Becomes MCA And Fake News Takes A Trump

President Trump held a news conference on the steps of the WH on a beautiful fall day. The conference was to address the trade deal he achieved with Canada culminating last evening.

The President talked for an hour or so on the new trade deals he's gotten recently and how they have leveled the playing field for all concerned.

When he opened the mic to the media a female reporter from ABC posed a question on Kavanaugh. The President turned her off saying that questions should first be about trade as that was the reason for the conference. Later , the President opened the mic to all other questions and this same ABC female, stumbled over her question. She said something like she 'wasn't thinking' and Trump responded with something like 'you never do'.

Trump noted that Senator Blumenthal is a liar in that he never served in Viet Nam when he said he did. The President complained about a number of senators coming off with high moral character relative to Kavanaugh and his character. So, So Good, IMO. Will Conn.vote Blumenthal in again? No doubt they will as most are dims.

So, on this beautiful fall day we got a new trade deal between Mexico, Canada and the US to be called USMCA vs NAFTA and we got a slam in on FAKE news. How GREAT is that? . . . And, the stock market is up about 300 on the news today.

And, now we can listen to FAKE news bitching about how the President of the United States 'dissed', talked 'down' to a 'female' at a press conference. So, So, good, like watching first graders learning to paint, and so on . . .

FOX says some sources saying FBI investigation could be wrapped up today. Blumenthal is demanding that some 23 other folks be interviewed.

“President: She’s shocked that I picked her. She’s in a state a shock.

Reporter: I’m not, thank you Mr. President.

Trump: That’s OK, I know you’re not thinking, you never do.

Reporter. I’m sorry?

Trump: No, go ahead. Go ahead.”

It is the kind of gratuitous insult Trump does all the time. It just happens to be more jarring than most because it is directed at a woman asking about an investigation into s*xual assault, while Trump has been credibly accused by over a dozen women of harassment and worse, not to mention the Access Hollywood video, three marriages producing five children, and paying hush money to a p*rn star just before the election. By the way, that and another other hush money payment constitute clear cut felonies, as attested under oath by Michael Cohen.

It is odd Trump would want to bring up Viet Nam. He claimed to be a great athlete, but got out of the draft by pretending he had bone spurs. Miraculously, the bone spurs soon went away by themselves.

The US-Mexico-Canada agreement is NAFTA with a different name. It has been renegotiated 13 times in the past 20 years. The stock market is flat, but the DJIA is up because it appears US car producers will no longer be hurt by tariffs.

The reporter (Cecilia Vega) should have asked about something related to Trade; not Kavanaugh.

But, Cecilia Vega and many on the left do not want to talk about any good things. Many on the left are beside themselves, because they cannot stand the following:

the push for fairer trade;

new trade agreements with Canada and Mexico;

the economy; GDP is over 4% ;

lower unemployment;

defeating ISIS;

stronger border security;

decreased illegal immigration;

Supreme Court appointments;

decreased regulation and waste;

stock market up; confidence up;

re-investment in the U.S.A.:

SoftBank $50B

Exxon $20B

Hyundai $3.1B

Apple $1B

Chrysler $1B

GM $1B

Bayer AG $8B

Toyota $600M

LG $250M

Regarding Vietnam, Trump never claimed to have served in Vietnam, like Connecticut Senator Richard Blumenthal did. The New York Times uncovered a videotape of Blumenthal telling an audience at a Norwalk veteran’s event: “We have learned something important since the days that I served in Vietnam,” Blumenthal said to the group in March of 2008. However, Blumenthal never served in Vietnam.
Posted by: d.a.n at October 1, 2018 5:31 PM

d.a.n.,
Before declaring victory, look at what is in the renegotiated NAFTA- er, I mean, US-Mexico-Canada agreement.
1. The Trump administration renamed NAFTA. That was
Trump’s great achievement. He changed the name of the treaty.
2. There have been 13 renegotiations to NAFTA since its inception. This is the 14th.
3. The US gained access to 3.6% of the Canadian dairy market. Under TPP, we would have gained 3.25%, but the Trump administration withdrew from that.
4. Mexican auto manufacturers would pay a minimum of $16/hr, or pay a tariff of 2.5%. Since the pay is far below the tariff, there will be an increase of 2.5%

And that’s about it. A renegotiated NAFTA.

The good news is that the tariffs imposed by Trump will be taken off, which will benefit all three countries.

The economy posted a good 2nd quarter quarter. Under Obama, there were four quarters with that kind of growth. The growth in the next two quarters is projected to slow. It’s an uncertain projection though, because no one knows how much the China tariffs will harm our economy.

ISIS is still there. The Obama administration hammered them. When the Obama administration asked the incoming Trump administration is they could finish off Raqqa, the capital of ISIS, the Trump administration refused.

Now the Russians are hammering them. That’s good. But let’s not kid ourselves. A new organization will represent the Sunnis of Syria and Iraq, and they are not going to be our friends.

Border security has not really changed. There was zero net migration from Mexico even before Trump took office. Legal migration is down. Tourism is way down, to the tune of billions of dollars. Foreigners want nothing to do with us. A friend of my wife’s, a PhD in Linguistics, just lost her teaching job at a nearby college because no one from abroad wants to take classes here.

Supreme Court appointments? You think this is going well? Good lord.

Decreased regulation? Just ask the good people of Florida. Deregulation allowed farmers to dump fertilizers into the streams and lakes. The result was a red tide and blue green algae which wiped out wildlife all along the coast. Deregulation was a complete disaster. I’m sad about that, because I really do like those manatees.

The Trump administration and the GOP robbed the Treasury to give tax cuts to the rich and to corporations. You know that, right? According to the CBO, we are looking at a $1 trillion deficit for THIS year. Not next year. This one. It will dramatically jack up the national debt. You used to care about that. Funny how concerns about debt miraculously disappeared, and now it’s time for a spending spree.

The USMCA is only one of the many accomplishments (from the list above; that’s only 11 general areas (of about 100 accomplishments); forgot to list lower taxes.

phx8 wrote: look at what is in the renegotiated NAFTA- er, I mean, US-Mexico-Canada agreement.
1. The Trump administration renamed NAFTA. That was
Trump’s great achievement. He changed the name of the treaty.
2. There have been 13 renegotiations to NAFTA since its inception. This is the 14th.
3. The US gained access to 3.6% of the Canadian dairy market. Under TPP, we would have gained 3.25%, but the Trump administration withdrew from that.
4. Mexican auto manufacturers would pay a minimum of $16/hr, or pay a tariff of 2.5%. Since the pay is far below the tariff, there will be an increase of 2.5% And that’s about it. A renegotiated NAFTA.

(01)USMCA raises percentage of content of vehicles made in North America from 62.5% to 75% to avoid tarrifs;

(02)USMCA mandates an increasing higher percentage of parts (up to 40% by 2023) to avoid tarrifs;

(03)USMCA mandates factories must pay an average of $16 per hour for production workers, which is about TRIPLE the current average wage in Mexico;

(04)USMCA grants the USA access for dairy products to Canadian markets, and Canada agreed to eliminate subsidies to Canadian producers;

(05)USMCA ends British Columbia-only wines, and allows USA wines;

(06)USMCA allows American financial services better access to Canadian and Mexican markets; and extends intellectual property protections of American pharmaceutical companies selling drugs in Canada;

(07)More…

Sure, most of NAFTA still exists in USMCA, but significant changes were made to make it more fair.
However, some on the left try hard, no matter what, to trivialize and minimize accomplishments by the current administration, because they can’t stand it that many things (not only USMCA) have been accomplished.

By the way, the value of imports and exports with the USA’s top trading partners in 2017:

China_____$635.4 Billion

Canada____$581.6 Billion

Mexico____$557.6 Billion

Japan_____$204.1 Billion

Germany___$171.5 Billion

S.Korea___$119.8 Billion

UK______ $109.3 Billion

France___ $82.5 Billion

India_____$74.3 Billion

Taiwan____$68.2 Billion

Brazil____$66.7 Billion

Netherlands__$59.3 Billion

Singapore____$49.2 Billion

Hong Kon_____$47.3 Billion

Belgium______$44.9 Billion

phx8 wrote: The good news is that the tariffs imposed by Trump will be taken off, which will benefit all three countries.

Not entirely (as explained above), but there are ways to avoid tarrifs.

But, no agreements for more fair trade would have been possible without first giving Canada and Mexico some of their own medicine.

phx8 wrote:The economy posted a good 2nd quarter quarter. Under Obama, there were four quarters with that kind of growth. The growth in the next two quarters is projected to slow. It’s an uncertain projection though, because no one knows how much the China tariffs will harm our economy.

It will hurt China more than it will hurt the U.S. China will agree to more fair trade, or U.S. importers will find new sources (perhaps in Canada, Mexico, or the USA). Besides, do we need more low-quality worthless, and/or dangerous products from China? 63% of all product recalls are from China.

phx8 wrote:ISIS is still there.

Yes, but only about 3% of the 35,000 ISIS fighters remain in IRAQ and SYRIA.
You omitted the fact that the area under ISIS control was reduced by 89% (17,500 square miles to 1,900 square miles), and ISIS fighters were reduced by 97% (from 35,000 to only about 1,000 fighters) while under Trump’s administration in less than 1 year (from 20-JAN-2017 to 23-DEC-2017). Also, twice as many people and 18% territory was liberated under Trump’s one year than 28 months under Obama (according to the DOD).

phx8 wrote:There was zero net migration from Mexico even before Trump took office.

Not true. See above.

phx8 wrote:Legal migration is down. Tourism is way down, to the tune of billions of dollars. Foreigners want nothing to do with us. A friend of my wife’s, a PhD in Linguistics, just lost her teaching job at a nearby college because no one from abroad wants to take classes here.

Tourism appears to be just fine, according to this (up to SEP-2017), and the U.S.A. is the most visited country in the world:
Tourist Arrivals in the U.S.A. per month:
OCT 2016: 6.6 million per month
NOV 2016: 5.7 million per month
DEC 2016: 6.1 million per month
JAN 2017: 5.6 million per month
FEB 2017: 4.6 million per month
MAR 2017: 5.6 million per month
APR 2017: 6.4 million per month
MAY 2017: 5.9 million per month
JUN 2017: 5.7 million per month
JUL 2017: 7.2 million per month ^
AUG 2017: 7.8 million per month ^
SEP 2017: 6.1 million per month
HIGHEST between 1996 and SEP 2017: 8.4 million per month (75 million per year);
source: tradingeconomics.com/united-states/tourist-arrivals
There are no significant changes in the graph the last decade.

phx8 wrote:Supreme Court appointments? You think this is going well? Good lord.

Nope. The Democrats’ dirty tricks is not what I would call “going well”.
Still, Kavanaugh’s accusers have no evidence.
Without evidence, there is no reason not to presume innocence (for Kavanaugh).
Perhaps the FBI should investigate who leaked Ford’s letter?

phx8 wrote:Decreased regulation? Just ask the good people of Florida. Deregulation allowed farmers to dump fertilizers into the streams and lakes. The result was a red tide and blue green algae which wiped out wildlife all along the coast. Deregulation was a complete disaster. I’m sad about that, because I really do like those manatees.

That is yet another example of trying to blame Trump for things he had nothing to do with.

First of all, there are both natural causes and human causes for harmful algal blooms, and have been reported as far back as the 1500s when it was documented by Spanis explorers.

phx8 wrote:The Trump administration and the GOP robbed the Treasury to give tax cuts to the rich and to corporations. You know that, right?

Not true.

First of all, corporate taxes are hidden taxes on consumers.
Reducing corporate taxes from 35% to 21% (near the global average of 20%) is plain common-sense, because it was driving corporations and jobs out of the U.S.A. (because the corporate tax rate of most other nations is less than 35%).

My complaint is with only a 0%-to-15% tax rate on capital gains (which G.W. Bush is responsible for).
Why should salary/labor income be taxed up to 39.6%, but capital gains are taxed at 0-to-15%.
In my opinion, capital gains should be subject to the same income tax-rate table above.
Also, salary/labor income is subject to Social Security and Medicare taxes, but capital gains are not.
In my opionion, that does not seem fair.
But, I have never believed the tax system was fair, and it got less fair when G.W. Bush lowered the capital gains tax to 0%-to-15%.
That is the best example of giving tax cuts to the rich.
A rich person might pay 0%-to-15% on capital gains, while a single person making $40,000 is paying 25% income tax, plus 6.2% Social Security Taxes (also matched by employer), plus 1.45% for Medicare (also matched by employer). And to make it all more regressive, there is a cap on wages that are subject to Social Security. Altogether, that makes the tax system regressive (i.e. taxes are considered regressive because they take a larger percentage of income from low-income taxpayers than from high-income taxpayers).

Due to capital gains taxes, Social Security and Medicare taxes only on wages, and the cap on Social Security, the U.S. tax curve ACTUALLY looks like this (i.e. regressive):

That is how Mitt Romney paid only 15% on $21.7 Million on year 2010.
The wealthy are not paying themselves fat salaries that are taxed up to 37% for federal income tax, plus 6.2% Social Security tax, plus 1.45% Medicare tax. Capital gains are taxed only 15% (at most).

phx8 wrote:According to the CBO, we are looking at a $1 trillion deficit for THIS year. Not next year. This one. It will dramatically jack up the national debt. You used to care about that. Funny how concerns about debt miraculously disappeared, and now it’s time for a spending spree.

Ha ha!
I still care about the debt.
But it seems that it is you that are now suddently only worried about the $21.5 Trillion U.S. National Debt?
And you don’t think the Democrats are culpable too?
House and Senate Democrats voted OVERWHELMINGLY for the 2018 budget.
source: www.forbes.com/sites/eriksherman/2018/06/20/house-and-senate-democrats-vote-68-percent-and-85-percent-for-massive-military-spending/

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